From one photography collector to another: a venue for thoughtful discussion of vintage and contemporary photography via reviews of recent museum exhibitions, gallery shows, photography auctions, photo books, art fairs and other items of interest to photography collectors large and small.

Wednesday, May 8, 2013

Auction Results: Photographs, May 7, 2013 @Bonhams New York

The results of Bonhams' Photographs sale yesterday in New York were generally lackluster. The overall Buy-In rate was more than 35% and the Total Sale Proceeds missed the low end of the estimate range by more than a whisker.

The summary statistics are below (all results include the buyer’s premium):

High Total Lots: 2 High Sold: 1 High Bought In: 1 Buy In %: 50.00% Total High Estimate: $175000 Total High Sold: $80500

The top lot by High estimate was lot 27, Edward Weston, Fiftieth Anniversary Portfolio, 1902-1952, c1952, estimated at $60000-90000; it was also the top outcome of the sale at $80500.

70.93% of the lots that sold had proceeds in or above the estimate range. There were a total of 4 surprises in this sale (defined as having proceeds of at least double the high estimate):Lot 38, Manuel Alvarez Bravo, La buena fama, durmiendo, 1938-1939/1970s, estimated at $5000-7000, sold at $21250 (image at right, bottom, via Bonhams)
Lot 81, Nicholas Nixon, Yazoo City, 1979, estimated at $2000-3000, sold at $6000 (image at right, middle, via Bonhams)
Lot 93, Sebastião Salgado, Man Lying in Oil, Kuwait, 1991, estimated at $3000-5000, sold at $15000 (image at right, top, via Bonhams)
Lot 94, Sebastião Salgado, Greater Buhrman Oil Field, Kuwait, 1991, estimated at $2000-3000, sold at $6875